Corporate | 28 October 2013 07:30
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Baader Bank AG / Key word(s): Interim Report
Baader Bank – significant rise in net fee and commission income in first 9 months of the year Baader Bank’s net fee and commission income rose significantly in the first nine months of 2013, reaching EUR 39.8 million – an increase of almost 41%. This is partly due to the fact that the Swiss brokerage Helvea was consolidated for the first time, following completion of the takeover on 2 August 2013. There was also an increase in net trading income, which was over 8% higher than in the same period the previous year. Net interest income fell by just under 17% as a result of lower interest margins. The Bank made an operating loss of EUR 1.9 million during the first nine months of the year. The result after taxes for the same period was a loss of EUR 3.4 million. The inclusion of the Helvea Group in the consolidated figures led to an increase in administrative expenses of around 15%. Excluding this one-off factor, the increase was only 1%. As at 30 September 2013 the Baader Bank Group employed 478 staff (30.09.2012: 427). Taking into account the fund for general banking risks, the Group’s equity stood at EUR 134.5 million as at 30 September 2013 (31.12.2013: EUR 138.9 million). The equity ratio at the end of the period was 17.2%.
End of Corporate News 28.10.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Baader Bank AG | |
| Weihenstephaner Str. 4 | ||
| 85716 Unterschleißheim | ||
| Germany | ||
| Phone: | +49 89 5150 1882 | |
| Fax: | +49 89 5150 29 1880 | |
| E-mail: | communications@baaderbank.de | |
| Internet: | www.baaderbank.de | |
| ISIN: | DE0005088108 | |
| WKN: | 508810 | |
| Listed: | Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München (m:access), Stuttgart; Frankfurt in Open Market | |
| End of News | DGAP News-Service |
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| 236345 28.10.2013 |